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Biden Secures $10 Million Book Advance for Post-Presidential Memoir

The $10 million advance negotiated by Creative Artists Agency is smaller than recent presidential deals, lacking a set release date.

WASHINGTON, DC - JULY 11: U.S. President Joe Biden holds news conference at the 2024 NATO Summit on July 11, 2024 in Washington, DC. NATO leaders convene in Washington this week for the annual summit to discuss future strategies and commitments and mark the 75th anniversary of the alliance’s founding. (Photo by Kevin Dietsch/Getty Images)
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Overview

  • Biden sold his presidential memoir rights to Hachette Book Group for a $10 million advance.
  • He is actively writing the memoir, which is expected to focus on his four years in the White House.
  • The deal, brokered by Creative Artists Agency, is significantly lower than the Obamas’ $60 million and Bill Clinton’s $15 million advances.
  • Hachette has not announced a publication date for the forthcoming book.
  • Discussions around a potential joint or solo memoir from first lady Jill Biden are ongoing but have not yet been formalized.